Press Release

India Aviation MRO Market is Expected to be Dominated by Rotary Wing Aircraft through 2029

India aviation MRO market is generating positive results as the aviation industry in the country is expected to grow in the forecast years.

According to TechSci Research report, “India Aviation MRO Market - By Region, Competition Forecast & Opportunities, 2019-2029, the India aviation MRO market is expected to grow because the government initiatives are promoting growth in the industry. At the same time, the expected rise in the fleet industry will also generate revenue for the India MRO market in the forecast years.  Although the market is in the early stages of development, India's domestic MRO business offers tremendous growth potential. The expansion of the sector will mostly be fueled by the rise of the aviation industry. Dependence on foreign MROs is likely to continue until the regional MRO industry catches up to its international rivals in terms of scale and certified breadth of services. Due to the expansion of the aviation sector, increased manufacturing of aircraft parts and equipment, growing interest from private players, and establishment of some MRO facilities within India (mostly with OEM support), companies eager to enter the market and meet the MRO requirements for military aviation are closely monitoring it.

A few of the causes promoting the growth of the Indian MRO business are the expanding fleet of aircraft, rising air traffic, and government measures to support MRO activity in the nation. The expansion of smaller airlines and India's development as a hub for low-cost carriers have both aided in the growth of the MRO sector there. In summary, the Indian MRO business is a vibrant sector with tremendous potential. The opportunities presented by the nation's increasing demand for MRO services may be seized by market participants. The government's initiatives to promote MRO activity in the country and an increase in aviation traffic are expected to lead to growth in the Indian MRO industry in the future years.

Although there is room for expansion, there are significant obstacles in the Indian MRO sector. The shortage of competent labor, which has an impact on the standard of services delivered and limits market expansion, is one of the key problems. A further difficulty that raises the cost of MRO services and reduces their ability to compete in the international market is the high tax structure, which includes customs charge. The expansion of the industry is also hampered by a lack of adequate infrastructure, such as testing and maintenance facilities.

 

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The India aviation MRO market is segmented by aircraft type, component, end user, company, and region. Based on aircraft type, the market is segmented by fixed wing aircraft and rotary wing aircraft. Based on component, the market is segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The market analysis also studies the region wise segmentation to devise market inti North, South, east, & West India

The rotary wing aircraft has the major market share followed by fixed wing aircraft and in the forecast years rotary wing aircraft might dominate the market share. Further, the engine MRO segment is expected to witness the highest growth rate in the category because of the rising fleet and maintenance needs. Similarly, by end user, the aviation category has the highest growth rate in the forecast period.

Some of the major companies operating in the India aviation MRO market include:

  • Air India Engineering Services Ltd (AIESL)
  • Air Works India Engineering Pvt. Ltd
  • Deccan Charters Private Limited
  • Indamer Aviation Pvt. Ltd
  • Max MRO Private Limited
  • Taj Air Ltd
  • GMR Aero Technic Limited
  • Bird ExecuJet Airport Services Pvt Ltd

These are the key companies in operating in the India aviation MRO market and these companies are implementing competitive strategies which includes mergers with the research and development firms, new product developments, and marketing activities to increase customer outreach. These companies are also focusing on meeting the regulations of different regional governments and are also partnering with different research bodies to stay competitive in the market.

 

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“The rising government expenditure on defense and rise in fleet in the aviation industry is generating revenues for the India MRO market and the ongoing M&A and orders by Air India is expected to generate new scope for the India MRO market. All such factors are expected to influence market growth in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

India Aviation MRO Market Segmented By Aircraft Type (Fixed Wing Aircraft, Rotary Wing Aircraft), By Component (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, Others), By End User (Commercial, Military, Aviation), By Region, Competition, Forecast and Opportunities, 2029 has evaluated the future growth potential of India aviation MRO market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global India aviation MRO market.


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